By Denny Jacob
UnitedHealth Group shares declined 7.2% in premarket trading after The Wall Street Journal reported an investigation into billing practices at one of its units has been launched.
Shares were trading around $466.02. The stock is down about 4.7% over the last year.
The Journal reported that the Justice Department has launched an investigation into the insurance company's Medicare billing practices in recent months.
The new civil fraud investigation is examining the company's practices for recording diagnoses that trigger extra payments to its Medicare Advantage plans, including at physician groups the insurance giant owns, according to the report.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 21, 2025 07:31 ET (12:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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